SiteOne Landscape Supply (NYSE:SITE) Price Target Lowered to $125.00 at Loop Capital

SiteOne Landscape Supply (NYSE:SITE) had its target price reduced by Loop Capital from $150.00 to $125.00 in a report published on Friday,Benzinga reports. Loop Capital currently has a hold rating on the industrial products company’s stock.

Several other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a research report on Tuesday. They issued a “hold” rating and a $135.00 price target for the company. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group dropped their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada lifted their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $151.10.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $111.25 on Friday. The stock’s 50-day moving average is $130.44 and its two-hundred day moving average is $138.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply has a 1 year low of $106.24 and a 1 year high of $181.81. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 41.36 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased its holdings in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont increased its holdings in SiteOne Landscape Supply by 657.9% in the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. Tortoise Investment Management LLC boosted its stake in shares of SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth approximately $40,000. Finally, Brown Brothers Harriman & Co. increased its stake in SiteOne Landscape Supply by 395.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 273 shares in the last quarter.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.